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Gender pay gap widespread in financial services: Report

KARREN VERGARA  |  MONDAY, 20 NOV 2017
Financial services retains the notorious crown as the industry with the highest gender pay gap, the latest report from the Workplace Gender Equality Agency shows. Financial services and insurance employers reported the largest gap of 31.9% between male ...

Jeremy Cooper explores the inconvenient truth of super

ALEX BURKE  |  MONDAY, 20 NOV 2017
... Income Products Conference in Sydney, Cooper said that even Paul Keating understood this, given that he agreed the system was not designed for people who were going to live over 80. "The system he conceived was for the 55 to 75-year-olds. People are ...

RG97 to shine a light on passive strategies: Aberdeen Standard

ALEX BURKE  |  MONDAY, 20 NOV 2017
... Speaking at a media briefing in Sydney, Bishop suggested that on a fully-disclosed RG97 basis, "a lot of those strategies may not look as flash." "We're still not at a point where there's a clear methodology. We were quite early in coming up with our ...

What price Brexit certainty?

BENJAMIN ONG  |  MONDAY, 20 NOV 2017
... has in store for them come December - another 25 basis point increase in the fed funds rate come the 13th of the month. 'tis not the same for the UK where Brexit negotiations remain up in the air... and as most deals go, it's deadlocked on the price. ...

Financial literacy the bridge for income protection gap

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
... However the experience of income loss due to disability, serious illness, or the premature death of a household breadwinner is not usually a recurring event. As covering income losses is not a repeated expenditure like other common financial obligations ...

ATO warns SMSFs about risky arrangements

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
... or concession." "Just because an arrangement is structured in a way which appears to satisfy certain regulatory rules does not mean it is legal. Such arrangements can put SMSFs at significant risk of breaching the superannuation regulatory rules as well ...

SuperFriend welcomes new director

EMMA RAPAPORT  |  FRIDAY, 17 NOV 2017
... relations and an extensive network as a former broadcast journalist, and has worked in collaboration with boards, peak bodies, not-for-profits and governments on strategic and digital communications, stakeholder engagement and change management to support ...

Where in the cycle is Australia?

BENJAMIN ONG  |  FRIDAY, 17 NOV 2017
... in the parking lot. "Warning roadblocks ahead," the GPS would warn. Sluggish wage growth and record high household debt do not provide good indications for that which accounts for around a third of the Australian economy - household spending. Indeed ...

Aussie fintechs among world's best

KARREN VERGARA  |  THURSDAY, 16 NOV 2017
Australia's fintech sector has reinforced its strength with 10 local fintechs appearing on a global list of the best in the world, aiming to push the envelope in financial services. Australian fintechs Prospa, ZipMoney and AfterPay Touch made the Top ...

Penalty issued for ASX rules breach

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2017
... Potter's senior management chose to invest $200,000 in the company via an on-market acquisition of shares in a way so as to not acquire more than 20% of the total volume traded on any given day. The move was to be carried out by an employee trader. The ...